New Marshfield, Athens County, Ohio Property Taxes
The median property tax rate in New Marshfield, OH is 1.59%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in New Marshfield at $54,965, the typical annual property tax bill is $786, significantly below the national median of $2,690. Property taxes in New Marshfield are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Navigating New Marshfield's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of New Marshfield or another part of Athens County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New Marshfield, Athens County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$874
$811
Ownwell’s New Marshfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Marshfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Marshfield to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across New Marshfield, Athens County, Ohio
Property taxes in New Marshfield, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Marshfield is 1.59%, significantly higher than the U.S. national median of 0.99%. Local government entities within New Marshfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Marshfield estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares New Marshfield's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45766 zip code has the highest median property tax rate of 1.59%, while the same zip code also has the lowest median tax rate of 1.59%. Understanding how these cities compare with New Marshfield provides valuable insights into the varying tax landscape across Athens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Marshfield Tax Rate
1.59%
Average Athens County Tax Rate
1.77%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Marshfield, Athens County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45766 | 0.86% | 1.52% | 1.59% | 1.60% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across New Marshfield, Athens County, Ohio
In New Marshfield, Ohio, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Athens County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In New Marshfield, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in New Marshfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 45766 has the highest and lowest median tax bill of $786.
Property Tax Assessment Values Across New Marshfield, Athens County, Ohio
Source: Ownwell
$26,395
$84,948
$143,500
Average New Marshfield Assessed Value
$54,965
Average Athens County Assessed Value
$88,765
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Marshfield, Athens County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45766 | $6,054 | $25,268 | $54,965 | $97,782 | $153,409 |
Source: Ownwell
Property Tax Bills Across New Marshfield, Athens County, Ohio
In New Marshfield, Athens County, OH, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is a percentage of the market value of the home, which is determined by the county assessor's office. For homeowners in New Marshfield, the median home price is $54,965. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For example, the 25th percentile tax bill in New Marshfield is $334, while the 75th percentile tax bill is $1,425, showing a significant range based on property specifics. The highest median tax bill in the area is $786, reflecting variations within the region. This system ensures that property taxes are proportionate to the value of the property, impacting homeowners by requiring them to budget for these taxes annually. Compared to the national median property tax rate of 0.99%, New Marshfield's rates can vary, affecting overall affordability and cost of living for residents.
Average New Marshfield Tax Bill
$786
Average Athens County Tax Bill
$1,453
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across New Marshfield, Athens County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45766 | $80 | $334 | $786 | $1,425 | $2,438 |
Source: Ownwell